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BW Offshore awarded turret contract for Brazil

BW Offshore has been awarded a contract for delivery of the turret and mooring system to the FPSO for the Peregrino oil field outside of Brazil.

(Bermuda, 31 January 2008) BW Offshore has been awarded a contract for delivery of the turret and mooring system to the FPSO for the Peregrino oil field outside of Brazil.
 
BW Offshore's technology division APL has been awarded a contract for a complete turret and mooring system to Maersk Contractors. The submerged turret production (STP) system will be installed on Maersk's Peregrino FPSO, which will commence production on the Peregrino oil field outside of Brazil during Q1 2010. The owners of the field are StatoilHydro and Anadarko.
 
-   This is our second STP contract with Maersk Contractors and we are very pleased with the commitment the company once again has put in us. We are among the leading FPSO contractors in the world, and the complexity of this turret also confirms our leading position as a technology provider to the oil and gas industry, says Svein Moxnes Harfjeld, CEO of BW Offshore.
 
The contract is for the large STP 5000 turret, including swivel stack and mooring lines. BW Offshore will be responsible for the engineering, procurement and construction of the system, scheduled for delivery mid 2009.
 
The FPSO will have a processing capacity of 100.000 bopd.